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3XSQ: Google more valuable than Microsoft

Tuesday, October 02, 2012 - 03:13

Oct 2 - Tech titan Google has become the third-most valuable public company, surpassing Microsoft as Bing struggles to compete in the search engine arena.

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Ahead of power of the search and I'll give you thinking -- that pops. Later in the show. Three times this Tuesday from Reuters world headquarters in New York. Last time you -- -- or made a call on your windows based mobile phones. Okay have a the last time you Google or used your android based mobile phones I thought so. Our daily did it today 249. Point thirteen billion dollars the market cap of Google heading into trading today. For the first time ever that exceeds the value of Mike stopped by about two billion. The charts tell the story cool soaring to new all time highs year after year Microsoft trading in the range. Chrysler also soaring. The automaker's US sales jumping 12% in September as it -- -- to pick up steam after going bankrupt during the financial crisis. It's the best September since 2007. Brands including ram truck Jeep Chrysler and Fiat. All posting year over year gains the company saying -- optimistic about the health of US auto sales overall and its position in the market. Chrysler moving up since the financial crisis while JPMorgan could be moving down. New York's attorney general sued the bank for fraud on the part of Bear Stearns which JPMorgan acquired in march of 2008. The -- accuses Bear Stearns of conducting shiny reviews of mortgage loans it sold to investors who lost more than 22 billion dollars on. JPMorgan says the actions took place before -- there and it should be held responsible. And on the subject of bank cleansing our power player of the day still mopping up financial mess -- 25 years after leaving his post to -- chairman. It's Paul Volcker who last -- the bed when Reagan was president. The octogenarian heading to the UK later this month to appear before British lawmakers investigating UK banking standards. -- for his hotly debated ball rule which prevents banks from taking risky bets for their own gain. We'll we'll compare and contrast banking practices in the US and Britain. And finally from the financial crisis to the European debt crisis with the negotiation Florentine style. A new restaurant in Florence Italy stimulating business and appetites by allowing dying to barter goods for meals. The rest not my Allah or -- -- it translates is also Tuscany where it describing the hard times as a co owner. In a throwback to Florentine tradition painting and local apps can be exchanged force -- cost just now. No word on what it takes to score here this issue. That's the latest entry time's greatest Tuesday you can follow us on Twitter at Reuters Insider and check out this YouTube channel at Reuters dot com slash TV. I'm Lisa Bernhard this is worth.

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3XSQ: Google more valuable than Microsoft

Tuesday, October 02, 2012 - 03:13